{"id":830251,"date":"2024-07-06T10:46:31","date_gmt":"2024-07-06T05:16:31","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=830251"},"modified":"2024-07-06T10:59:13","modified_gmt":"2024-07-06T05:29:13","slug":"national-company-law-tribunal-directs-edtech-firm-byjus-to-pay-employee-salaries-2","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/07\/06\/national-company-law-tribunal-directs-edtech-firm-byjus-to-pay-employee-salaries-2\/","title":{"rendered":"National Company Law Tribunal directs edtech firm Byju\u2019s to pay employee salaries"},"content":{"rendered":"<p>The National Company Law Tribunal (NCLT) has directed edtech firm Byju\u2019s to pay employee salaries even if it does not have access to the funds raised from a rights issue.<\/p>\n<p>The Bengaluru bench of the tribunal also warned of an audit by the Institute of Chartered Accountants of India (ICAI) if it failed to pay the employees.<\/p>\n<p>The NCLT was hearing a plea by the start-up\u2019s staff. \u201cYou are a company that is functioning. Surely you should be having revenues,\u201d the bench reportedly said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Company Law Tribunal (NCLT) has directed edtech firm Byju\u2019s to pay employee salaries even if it does not have access to the funds raised from a rights issue. The Bengaluru bench of the tribunal also warned of an audit by the Institute of Chartered Accountants of India (ICAI) if it failed to pay the employees. The NCLT was hearing a plea by the start-up\u2019s staff. \u201cYou are a company that is functioning. Surely you should be having revenues,\u201d the bench reportedly said.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[83,4,22],"tags":[],"class_list":["post-830251","post","type-post","status-publish","format-standard","hentry","category-it-2-the-telegraph","category-newspapers","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/830251","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=830251"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/830251\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=830251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=830251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=830251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}